2merkato

Ethiopia earned 71 million US dollars from textile exports in the last ten months. The revenue earned is more than 50% higher than the amount earned at the same time last year although the revenue is 136.3 million US dollars less than expected.

Export of value added finished products has increased with garments sales increasing to 75.1%, woven crafts 5.2%, Textile fabrics 10.7% and yarn 9%.  

The revenue did not meet targets because of delays in textile projects expected to become operational this financial year said Fekadu Ethiopia, Communications Expert with the Textile Industry Development Institute.

Ethiopia earned more than 2.4 billion US dollars from the export sector in the last three quarters said the Ministry of Trade.

The revenue earned from foreign trade in the last nine months exceeds that of the same time last year by more than 352 million US dollars said Amakele Yemam, Head of the Corporate Communication Affairs office of the Ministry.

Increase has particularly been seen in the export of gold, horticulture, livestock, textiles and minerals he said.

The most significant destinations for Ethiopian exports have been Belgium, Britain, China, Djibouti, Egypt, France, Germany, Japan, India, Israel, Saudi Arabia, Somali, Sudan Switzerland and the US.

Ethiopia has secured more than 200 million USD from the export of horticultural crops in the last ten months (July 2011-April 2012).

Ethiopian Horticulture Development Agency (EHDA) Director General Haileselassie Tekie said that the country earned the hard currency from the export of 1.7 billion flower stems and 103.8 thousand tons of vegetables, fruits and herbs. More than 160 million USD was obtained from the export of flower while the balance was secured from the sale of vegetables, fruits and herbs to the global market. 

The foreign currency the country generated from the sector in the stated period has increased by 20 per cent in revenue compared to last year same period.

Ethiopia earned above 2.4 billion US dollars from export in the last ten months announced the Ministry of Trade.

The revenue was raised through the export of agricultural and manufactured products exported to 127 countries according to Amakele Yimam, Director of the Corporate Communication Directorate of the MoT.

The export products from Ethiopia include, coffee, oilseeds, pulses, spices, Khat, gold, flowers, live animals, natural gum, wax, incense, textiles, garments, leather and leather products said Amakele.